30 May '13, 10pm

Market for REDD+ carbon credits declines 8% in 2012: Mongabay #greenwash subsidizes old-growth logging

Market for REDD+ carbon credits declines 8% in 2012: Mongabay #greenwash subsidizes old-growth logging

Market for REDD+ carbon credits declines 8% in 2012 mongabay.com May 30, 2013 print The market for carbon credits generated from projects that reduce deforestation and forest degradation — a climate change mitigation approach known as REDD+ — dipped eight percent in 2012 according to an annual assessment of the global voluntary carbon market. The report, published by Ecosystem Marketplace and Bloomberg New Energy Finance and slated to be released next month, found that overall demand for voluntary carbon credits rose four percent in 2012, with buyers offsetting 101 million metric tons of greenhouse gas emissions. Buyers paid $523 million for those credits, or 11 percent less than they spent in 2011. The average price per ton of carbon dioxide emitted fell five percent from $6.20 to $5.90. Voluntary carbon credits are used by governments, companies, and individuals to offse...

Full article: http://news.mongabay.com/2013/0530-voluntary-carbon-marke...

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